Dubai – Mubasher: Amlak Finance posted a 81% year-on-year decrease in its profits during the fourth quarter of 2016, according to a bourse statement.
Net profits reached AED 12.9 million ($3.51 million) in Q4-16, compared to AED 67.8 million ($18.45 million) in Q4-15.
In 2016, profits rose 23% to AED 107.05 million from AED 139.1 million in 2015.
The company’s stock rose 0.78% to AED 1.3, with a turnover of AED 2.51 million generated from the exchange of 1.94 million shares.
